Xuan Thuy Investment and Development JSC, based in the northern province of Ninh Binh, Tuesday worked with the representative of the sponsorship-withdrawn Navibank Saigon football club to negotiate to acquire the club. Xuan Thuy Co is expected to earmark some VND21 billion, roughly US$1 million, to buy 25 players and the coaching panel of Navibank Saigon. The players include stars such as national player Quang Hai, captain Tai Em, midfielder Duoc Em, and defenders Viet Cuong and Long Giang. As the company has a relationship with Nguyen Duc Thuy, chairman of the Saigon Xuan Thanh (SGXT) football club, the above five players will be transferred to SGXT in the 2013 season. The remaining players will wait until the transfer is completed, after which Navibank Saigon will be renamed, and continue to play at the V-League. SGXT managing director-cum-head coach Tran Tien Dai confirmed that they will buy the five stars from Navibank Saigon. He said the club will also invest more on buying domestic players of high quality. “We are tightening our belt in the next season, and will no longer use foreign Vietnamese naturalized players as they demand too high salaries,” he said. The Ho Chi Minh City Department of Culture, Sports, and Tourism, however, has yet to be informed of the transfer, said deputy director Mai Ba Hung. The department and the city’s football federation are in charge of solving Navibank Saigon’s crisis, as it has called for their help to be transferred to the federation after Navibank announced that it would stop sponsoring the club. But Hung said he is interested in the scenario in which the city will have SGXT as a club that gathers a handful of local football stars. “SGXT is already full of stars, and the five additions from Navibank Saigon may help strengthen the club and enable HCMC football to regain its glory,” he said. SGXT will be competing in three arenas in the 2013 seasons:the country’s top-flight V-League, the National Cup, and the AFC Cup.
More
ADB willing to help Vietnam with climate change adaptation
Climate change, saltwater intrusion, and Vietnam’s commitment to a net-zero emission target by 2050 require the country to adopt more effective measures to manage and use land, water sources, and fertilizer
Read more
Vietnamese billiards player makes history with stunning victory at Scottish Open
The Vietnamese player staged a remarkable comeback
7 hours agoVietnamese runner Ha Thi Hau wins trail race in Thailand
She broke the race’s record
1 day agoRoger Federer enjoys vacation with family in Vietnam’s Hoi An
This marks Federer’s first visit to Vietnam
1 week agoVietnam Football Federation unveils S. Korean football head coach after Frenchman’s departure
His contract lasts two years
3 days agoFemale lifeguards compete in rescue competition in Da Nang
There was also a lifeguard triathlon which involved swimming, running, surfing, and a final sprint to the finish line
4 days agoHighlights
Vietnam wishes for Cambodia’s coordination in assessing Funan Techo Canal’s impacts
Vietnam always attaches importance and gives top priority to its relationship with Cambodia
Photos
Artist paints murals on house to raise awareness of COVID-19 prevention in Hanoi
He drew the virus, vaccine, and earth on the exterior walls of a house
Latest news
Bird flu threatens to put a damper on cow cuddling
But this practice of opening the barn door to the public is facing a new risk, as the U.S. Department of Agriculture (USDA) confirmed bird flu in dairy herds in nine states
Startup shakes hands with global digital payment firm to revolutionize Earned Wage Access in Vietnam
In Vietnam, many middle- and low-income employees face exclusion from conventional banking facilities, rendering them susceptible to predatory lending practices
Vietnam wishes for Cambodia’s coordination in assessing Funan Techo Canal’s impacts
Vietnam always attaches importance and gives top priority to its relationship with Cambodia
Vietnamese billiards player makes history with stunning victory at Scottish Open
The Vietnamese player staged a remarkable comeback
ADB willing to help Vietnam with climate change adaptation
Climate change, saltwater intrusion, and Vietnam’s commitment to a net-zero emission target by 2050 require the country to adopt more effective measures to manage and use land, water sources, and fertilizer
Vietnam, France ink deal to strengthen defense cooperation
The two countries have the same views and interests in maintaining peace, stability, and development in the region and the world
Vietnamese mathematician named as recipient of 2024 Dénes König Prize
Dr. Huy, 28, is the first Vietnamese to win the prize
5 safe after car falls into abyss in northern Vietnam
They just suffered slight injuries
Vietnam’s Phu Quoc seeks to lure more Chinese tourists
Phu Quoc will offer maximum support to Chinese airlines which carry travelers to the island city
French bakers make world's longest baguette, beating Italy
French bakers cooked the world's longest baguette on Sunday at 140.53 metres